UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                      November 15, 2005 (November 14, 2005)
                Date of Report (Date of earliest event reported)


                                FIRST BANKS, INC.
             (Exact name of registrant as specified in its charter)


          MISSOURI                      0-20632                  43-1175538
(State or other jurisdiction   (Commission File Number)       (I.R.S. Employer
     of incorporation)                                       Identification No.)


                   135 NORTH MERAMEC, CLAYTON, MISSOURI 63105
               (Address of principal executive offices) (Zip code)


                                 (314) 854-4600
              (Registrant's telephone number, including area code)


                                 Not Applicable
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

( ) Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

( ) Soliciting material pursuant to Rule 14a-12 under  the  Exchange Act (17 CFR
    240.14a-12)

( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

( ) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))








                                               FIRST BANKS, INC.

TABLE OF CONTENTS
                                                                                                       Page
                                                                                                       ----

                                                                                                      
ITEM 1.01   ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.............................................      1

ITEM 2.03   CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
            OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT..........................................      1

SIGNATURE..........................................................................................      2









ITEM 1.01     ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

         On November 14, 2005, First Banks, Inc., a Missouri corporation ("First
Banks" or the "Company"),  borrowed the remaining  $20.0 million  available on a
$100.0 million term loan facility ("Term Loan"). On August 16, 2005, First Banks
filed a Current Report on Form 8-K pursuant to Item 1.01 and Item 2.03 reporting
that First Banks entered into an Amended and Restated  Secured Credit  Agreement
with a group of unaffiliated  financial institutions ("Credit Agreement") in the
amount  of  $122.5  million.  The  Credit  Agreement  provided  a $15.0  million
revolving credit facility, a $7.5 million letter of credit facility and the Term
Loan.  First Banks  borrowed  $80.0 million on the Term Loan on August 11, 2005.
The $100.0 million outstanding  principal balance of the Term Loan is payable in
ten equal  quarterly  installments  of $5.0 million each commencing on March 31,
2006,  with the  remainder  of the  Term  Loan  balance  to be  repaid  in full,
including any unpaid  interest,  upon  maturity on August 10, 2008.  Interest is
payable  on the  outstanding  principal  loan  balances  of the  Term  Loan at a
floating  rate  equal to the  Eurodollar  Rate plus a margin  determined  by the
outstanding  loan  balances and First Banks' net income for the  preceding  four
calendar quarters.  First Banks intends to use the proceeds of the $20.0 million
advance  under the Credit  Agreement  for  general  corporate  purposes  and for
potential acquisitions.

ITEM 2.03     CREATION OF A DIRECT  FINANCIAL OBLIGATION  OR AN OBLIGATION UNDER
              AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

         See Item 1.01.







                                    SIGNATURE


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                           FIRST BANKS, INC.



Date:  November 15, 2005                   By: /s/ Allen H. Blake
                                               ---------------------------------
                                                   Allen H. Blake
                                                   President and
                                                   Chief Executive Officer